DeSoto Resources (ASX: DES) has secured a 1,234 km² land package in Guinea’s Siguiri Basin, comprising 14 gold projects, along with three additional projects in the Gaoual Gold Belt. The portfolio includes high-grade drill intercepts at the Timbakouna and Kantoumanina projects, where reconnaissance is underway, and drilling is set to begin post-acquisition. Notable Timbakouna results include 18m @ 11.8 g/t Au and 1m @ 78.84 g/t Au. Rock chip sampling also returned high grades of 19.35 g/t Au and 16.64 g/t Au.
The acquisition reunites key figures behind Predictive Discovery’s 5.4Moz Bankan Discovery, including Paul Roberts, Dr. Barry Murphy, and Aime Nganare.AU$4.78 million placement increases DeSoto’s cash balance to AU$8.7 million, ensuring funding for Guinea and Northern Territory drilling programs. With a strong technical team and a high gold price environment, DeSoto is positioned for significant discoveries in West Africa.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
